IBC Insights May 2025 – Monthly Newsletter for Insolvency Matters
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Read More ››The recent pronouncement by the Supreme Court in Kalyani Transco v. Bhushan Power and Steel Ltd & Ors1 serves as a stark reminder of the sanctity of IBC2, and the perils of procedural laxity and opportunistic manoeuvring. The Apex court not only disapproved of the powers of NCLAT3 to judicial review over the decision taken by ED4 under PMLA5 but […]
Read More ››The IBC framework prioritizes speed and finality, aiming to prevent the erosion of asset value and maximize recoveries for creditors. There lies a strict adherence to prescribed timelines, particularly concerning appeals against decisions made during the insolvency resolution process. While the law acknowledges the possibility of delays and provides a limited window for condonation, the recent Supreme Court judgment in […]
Read More ››Refine your practice with in-depth articles, expert analysis, and key updates.